This property looks like a bad Mid-Term investment with a projected -13.42% first-year return on $205k initial cash invested.
-13.42%
Cash On Cash
3.8%
Cap Rate
0.58
DSCR
$5,343
Rent
-$2,289
Cashflow
Cash Flow
$5,343 income − $7,632 expenses = $2,289 out of pocket
Investment Breakdown
|
Purchase Price
$889k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$178k
Closing costs
1%
$8,893
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,343
Total Expenses
$7,632
Mortgage P&I
92%
$4,892
Property Taxes
11%
$582
Home Insurance
6%
$341
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588